Finance forum: Financial advice


Financial advice is the management of economic resources provided by financial advisors or asset management companies (AMCs). It consists of strategic planning and investment control in the interests of customers. The financial advice is aimed at both private investors and companies. Private investors use the advice to draw on specialist knowledge and thus optimize their economic situation. For their part, companies use it to manage their capital more efficiently and increase their returns.


What’s the difference between a cash ISA and stocks and shares ISA?

Posted on 07.04.2021

Wealth management is something every individual has to think about. As far as money management is concerned, two questions arise: hold savings as cash or invest it? For some, keeping money in the bank offers the peace of mind they need, while for others, the returns aren’t good enough, so they turn to other assets like stocks. No matter what type of investment you go for, one problem is common across all strategies: tax! This is where Individual Savings Accounts (ISAs) come in. They offer ...

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Fixed income 101: the terms and concepts you need to know

Posted on 06.04.2021

New investors always get attracted to stock markets first. They’re interesting, all about business, bustling, and always in the news. The bond market, on the other hand, is not only boring, it’s also more challenging to get your head around. On top of that, it contains a lot of terminology that isn't exactly intuitive for a new investor. Today, we break down the most important concepts and terms for those looking to invest in the bond market.  What is a bond? A bond is jus ...

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How to find and choose a financial advisor

Posted on 30.03.2021

Why do you need one? Make no mistake, there will come a time when you aren’t sure about where to invest your surplus funds or how exactly to plan out your finances to achieve your goals. Given that there are literally thousands of financial products to choose from, the task can seem daunting. If you’re one of the many with limited knowledge on the subject, you can seek the services of a financial advisor. Financial advisors will be able to help with things such as: retirement planni ...

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What to consider when choosing a wealth management firm

Posted on 29.03.2021

A wealth manager helps you carve out a plan that suits your future financial needs and targets. They can use their financial acumen to select investments that offer the best chance of generating profits while minimizing the risks associated with investing. It is therefore important to take great care in selecting the right wealth management firm. Here are a few tips that will help you make the right selection: Are you a match? Some wealth managers work with low net-asset value individua ...

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Double Check Your Tax Code – HMRC May Owe You Money

Posted on 08.02.2021

It’s been reported that some taxpayers have discovered discrepancies with their tax code. Once HM Revenue & Customs(HMRC) was updated, thousands of pounds, spanning several tax years, have been refunded. A tax code is a series of numbers and letters that your employer or private pension provider uses to determine the amount of money that should be deducted from your salary to pay taxes. Normally, HMRC will send you a letter indicating your official tax code for the next ...

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What to Do If You Have Problems Claiming Universal Credit

Posted on 04.02.2021

Millions of people receiving Universal Credit could see payments diminished by £1,040 a year beginning in April. The good news is that there is a temporary benefit boost worth £20 a week aims to help vulnerable households through the pandemic. If you have problems claiming your payments, it’s important to know what additional options are available. 1. Apply for an advance You may be able to get some cash during the first five days of the month, but keep in mind that it&r ...

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